The following information is available for Bergin Pastry Shop. Gross margin ...................$30,700 Income from operations ............... 9,200

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The following information is available for Bergin Pastry Shop.

Gross margin ...................$30,700

Income from operations ............... 9,200

Income taxes expense (15% of income before taxes) ... ?

Interest expense ................. 1,800

Net sales .................... 80,300

Required:

Prepare a multiple-step income statement for Bergin.

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Cornerstones of Financial and Managerial Accounting

ISBN: 978-0324787351

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Authors: Rich Jones, Mowen, Hansen, Heitger

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Question Posted: Jul 23, 2012 02:44 AM

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The following information is available for Bergin Pastry Shop. Gross margin ...................$30,700 Income from operations ............... 9,200

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Cornerstones of Financial and Managerial Accounting

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